Traders step up odds of BOE rate cut for next month ...Middle East

The pound reaction hasn't been too straightforward though. It lost some ground earlier with cable slipping to a low of 1.2155 but dip buyers are making a bit of a stand with price now rising back up to 1.2225 currently and testing its 100-hour moving average of 1.2223.

This article was written by Justin Low at www.forexlive.com.

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